Fed starts meeting, seen noting improving economy

[Joanne98]

Source: Reuters

WASHINGTON (Reuters) - The Federal Reserve opened a two-day meeting on Tuesday that was expected to end with a recognition the U.S. economy is on the mend, but no hint of an imminent monetary policy shift.

The Fed's policy-setting Federal Open Market Committee began conferring at around 2 p.m. EDT, a spokesperson said. The central bank is expected to issue a statement about policy and the economic outlook at around 2:15 p.m. EDT on Wednesday.

The Fed seems certain to hold benchmark interest rates near zero, and most economists do not see it raising them until the middle of next year at the earliest.

Policy-makers, however, are widely expected to discuss ways to pull back their massive provisions of cash to the economy in a way that preserves the recovery, while preventing inflation.

A key question that will be on the table is how soon and how rapidly the Fed should conclude its planned purchases of mortgage-related securities. It has said it will buy up to $1.25 trillion of mortgage-backed securities and $200 billion of housing agency debt by the end of the year.


Read more: http://www.reuters.com/article/ousiv/idUSTRE58L4IN20090922

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$1.25 trillion of mortgage-backed securities? From who?

[Demeter]

1. Typo in that Headline

It's supposed to read: "Fed starts meeting, seen nothing improving economy"

[My Good Babushka]

2. What is this headline saying?

Jesus Christ! Who writes the news? Do they even know what they are trying to say?!

[rfranklin]

3. Insiders are selling company stock at a 6:1 ratio to buying....

so much for those rosy forecasts that we are hearing, the company execs who have access to the real data and forecasts have no hope for a quick recovery.

[WriteDown]

4. Link?

?

[lib2DaBone]

5. Audit the so-called FED... where is every penny we have given them??

Why would the so-Called Fed refuse an audit? What have they been doing with our money for the last 30 years?

Where is our money? Where did it go? Why do you say I dont have a fucking RIGHT to Know"?

[biermeister]

6. www.auditthefed.com sign the petition!! nt